Borrower Equity. The Parent owns, free and clear of Liens, and has the unencumbered right to vote, all outstanding ownership interests in the Borrower.
Borrower Equity. Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the Independent Engineer.
Borrower Equity. Lender shall have received evidence that the Initial Equity Investment has been fully expended to pay Budget Costs.
Borrower Equity. Borrower shall have furnished to Lender evidence satisfactory to Lender that Borrower has expended from its own funds (a) at least twenty percent (20%) of the aggregate purchase price of the Project and (b) one hundred percent (100%) of all other amounts payable in connection with the purchase of the Project and the closing of the Loan.
Borrower Equity. Lender shall have received satisfactory evidence immediately prior to the closing of the Acquisition, that Borrower has deposited with the escrow agent handling the Acquisition the amount necessary to close the Acquisition (after taking into account the funding of the Loan) as more fully reflected in its settlement statement prepared by such escrow agent and approved by Lender.
Borrower Equity. TCPC directly or indirectly owns, free and clear of Liens, and has the unencumbered right to vote, all outstanding ownership interests in the Borrower.
Borrower Equity. Proof of all equity (and any subordinate debt) funded to-date in the construction project is required. A detailed breakdown of funds spent towards equity is required with appropriate back-up. If land values are considered towards equity, a copy of the purchase agreement and signed settlement statement must be submitted to the construction lender.
Borrower Equity. The Lender shall have received evidence satisfactory to it that the Borrower shall have equity capital in an amount at least equal to $1,000,000, and that such amount shall have been deposited in the Principal Collection Account.
Borrower Equity. Administrative Agent shall have received satisfactory evidence immediately prior to the closing of the Acquisition, that Xxxxxxxx has deposited with the escrow agent handling the Acquisition the amount necessary to close the Acquisition (after taking into account the funding of the Loan) as more fully reflected in its settlement statement prepared by such escrow agent and approved by Administrative Agent.
Borrower Equity. Borrower shall have contributed all of the Borrower Equity to the payment of the Immediate Capital Improvement Work and Borrower shall have delivered evidence of the same to Lender;
